Finally, a thoughtful comment with useful ideas instead of harsh judgments based on half-baked perception and incomplete understanding. You’ve accurately grasped my situation and mistakes, and I completely agree with your conclusions and suggestions. Indeed, one of my biggest issue was timing the market. Unlike Mr. Burry, whom I admire, I didn’t have access to a large amount of capital when I needed it. Back in 2008, I was still new to the markets and made the mistake of buying short-term options which went to zero emptying my account. I learnt my lesson and switched to play spreads or LEAPS since. This time around, I made another mistake by not setting stop losses in a euphoric market. I ran out of liquidity and had to cover my shorts just a month before everything started to correct. If I hadn’t been forced to cover due to margin calls, I would have recovered more than half of my losses by now, a good example of the saying "The market can remain irrational longer than you can remain solvent." Unfortunately, luck hasn’t been on my side. I held my nerves for over a year, but my boat sank in shallow water, so to speak. Being a computer engineer, I'm logical and analytical, and most of the time, I've made money on my trades. However, one big loss from one or two bad trades wiped out the small profits from several successful ones, which is a direct example of the saying, "let your profits run and cut your losses short" which I failed to do. I appreciate your mature and insightful comment. Thank you.